An increase in the nation’s gasoline inventories is blamed for a $20 a barrel drop in crude oil prices on Thursday. The gain in the amount of gasoline added to continuing and nagging fears of a possible recession in the U.S. West Texas Intermediate crude fell $1.87 or 2.4% to $77.29 a barrel in trading …
Oklahoma U.S. Sens. James Lankford and Markwayne Mullin think the Department of Energy ban on the sale of nearly all gas stoves in the country is not only “misguided,” but “illogical and harms hard-working Americans that are already struggling due to skyrocketing inflation.” It’s what they wrote in a letter sent this week to …
“The stench of these rotten deals is so pervasive, people on the outside are beginning to pinch their noses and look toward the Jim Thorpe Building with wrinkled brows wondering what the hell is going on at the Oklahoma Corporation Commission.” It’s what Corporation Commissioner Bob Anthony declared in a 180-page opinion filed in …
Oklahoma Gov. Kevin Stitt traveled to the United Kingdom this week to sign a memorandum he hopes will result in increased energy trade for the state. He signed the memorandum with UK Minister for International Trade Nigel Huddleston and said it was meant to benefit both Oklahoma and the UK with each other’s innovations …
$6.6 billion. Get ready for the sticker shock coming in your future utility bills. It’s the cost that will have to be eventually borne by consumers in the fuel cost adjustments approved Thursday for 3 major utilities by Oklahoma Corporation Commissioners on a 2-1 vote. The Commission approved the requests for Oklahoma Natural …
After its revenues for 2022 grew by more than 100%, Texas-based Smart Sand, Inc. awaits financial results for the first quarter of 2023. With major operations in El Reno, Oklahoma, the company, based in Midland, Texas will release results on Tuesday, May 9 followed by a conference call on Wednesday, May 10 at 9 …
Following a 70% increase in revenues in 2022, Nine Energy Services, Inc. prepares to release its first quarter 2023 earnings report on May 9. The Houston-based company, with operations throughout Oklahoma’s SCOOP and STACK plays, will release the report prior to a 9 a.m. Central Time conference call. Nine Energy’s President and Chief Executive …
The amount of crude oil in storage at the Cushing Hub of northern Oklahoma fell again in the past week, reaching its lowest level of 2023. The U.S. Energy Information Administration reported that as of April 14, there were 32.8 million barrels held in storage at the hub. It was a drop of 1 …
New Mexico state officials report they have plugged more than 200 inactive oil and natural gas wells, most in the southeast where the state shares part of the Permian Basin. The State Land Office claims it also saved taxpayers $20 million in cleanup costs by having the oil and gas industry pick up …
ConocoPhillips scored another win in its effort to explore for oil in the northern reaches of the Arctic. A federal appeals court ruled this week that the company can move ahead with its early stage construction this winter season at the controversial Willow oil project in Alaska. Conservation groups had gone to court …
